Warren Buffett: Single-payer system is 'probably the best' for US
Warren Buffett: Single-payer system is 'probably the best' for US
That's why I'm a billionaire and you're not
30 June, 2017, 00:44
Buffett was careful to acknowledge his "limited knowledge" on the health care, but when asked about how legislators should go about fixing Obamacare, he said "I think that [single-payer] is the best system". At that level, it'd be more lucrative for Buffett's Berkshire Hathaway Inc.to hold common shares than its preferred stake in the Charlotte, North Carolina-based lender. Mr. Buffett has said a dividend of this size would prompt his Berkshire Hathaway Inc.to swap its preferred shares in the bank into about $17 billion worth of common stock. The stock closed at $23.88 on Wednesday, implying that Berkshire's common shares would be valued at $16.7 billion.
Big banks need approval from the Fed to increase their dividends, a process that culminated in Wednesday's annual review of how the lenders would perform under severely stressed economic conditions. At Bank of America's current share price, the stake would hand Berkshire a tidy $11.7 billion profit, at least on paper.
Perhaps even more significant from a general shareholder's point of view, Bank of America also announced that its already-generous buyback program would be more than doubled for 2017.
This week, we got a glimpse into Buffett's first-ever tax and earnings statement, from 1944. Mr. Buffett helped to change that narrative by agreeing to purchase $5 billion in preferred stock and calling the bank "well led", an important endorsement for Mr. Moynihan more than a year after he had risen to the chief-executive role. Additionally, he would get warrants to buy 700 million common shares at $7.14 a piece. Buffett noted in his February letter to investors that he would probably exercise the option once Bank of America raised its annual dividend to 44 cents. Therefore, doing so is a no-brainer from Buffett's perspective.
Now worth more than $37 billion, Buffett continues to file his taxes like a dutiful American.
To be clear, I'm not saying Buffett is necessarily going to make the conversion immediately. The preferred stock paid a chunky 6% annual dividend, or $300 million a year.
The Type 1 Incident Management team is now overseeing fire suppression on the eastern side of the Brian Head fire from Panguitch. More than 1,500 people have been forced from their homes by the largest wildfire burning in the United States.
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The smartphones available under the same category are Nokia 6 , Moto E4 , Alcatel IDOL 5S , Alcatel A50 and Alcatel A30 Plus . On the connectivity front, the smartphone offers 4G/LTE, WiFi (802.11 a/b/g/n/ac), USB Type C, Bluetooth 4.2, and GPS/A-GPS.
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Multiple user support allows up to six people to connect their Google accounts to the tabletop device at the same time. Afterwards, users will be asked to speak the phrases "Ok Google" and "Hey Google" two times each.
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Samsung Galaxy Note 8 Price and Design with Specs is Leaked
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West Nile Virus found in Stanislaus County
Just minutes after the bird has had blood drawn, we can see there is no long term ill effects. To date, no human cases have been reported in Jackson County. "Sometimes we see a couple".
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Houston Rockets Make Blockbuster Trade For Chris Paul
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